-LRB- CNN -RRB- -- First it was McLaren , now it 's the turn of Ferrari to unveil the car they hope will speed them to victory in the forthcoming Formula One season .

The sport 's oldest team , based in Maranello , Italy unveiled their new F14 T car on their website on Saturday .

A raft of technical changes introduced for the 2014 season sees teams racing with , to the untrained eye at least , similar looking cars but vastly-changed setups -- most notably using smaller 1.6-liter V6 Turbo engines compared to the 2.4-liter V8 engines used last year .

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Other significant alterations this year include reconfigured rear wings , the introduction of a new Energy Recovery System and a limit of 100 kilos of fuel per race . Eagle-eyed observers will also note that the nose cone has been lowered and narrowed .

Along with Ferrari 's new car comes a new driver -- the quietly charismatic Kimi Raikkonen replaces Brazil 's Felipe Massa -- and new hope that the Finn and Spain 's Fernando Alonso can return the team to championship-winning ways .

`` We both want to win and time will tell what will happen and if we can bring the championship back to Ferrari , '' Raikkonen told the Ferrari F1 website .

`` We are more than capable , both of us , to be up there and fight for championships . ''

Raikkonen won the drivers championship in 2007 with Ferrari , the same year they won their last constructor 's championship .

This year 's car is the 60th built by Ferrari for the F1 world championship with the F14 T name being chosen by fans via a poll on the Ferrari F1 team 's website .

`` It 's nice to know the name of the car has been chosen by our fans , '' team principal Stefano Domenicali said .

`` The amazing number of votes shows just how popular Ferrari has always been and this will be , as always , a further impetus for us to do well this year ! ''

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Twenty-four hours earlier it was McLaren who were unveiling their new car which they hope can wipe away the memory of a dismal 2013 season .

The Surrey-based team finished a lowly fifth , 193 points behind fourth place Lotus , with neither Jenson Button nor former teammate Sergio Perez managing a podium finish in 19 races .

The MP4-29 is a `` sensible and calculated response to the new regulations , '' McLaren said .

Jonathan Neale , managing director of McLaren Racing said in a statement : `` We 've never had such significant new regulations before ; reacting to them , and managing those changes , while still pushing the performance limits , has been an extremely tough job .

`` We 've been relatively pragmatic about it . We know that the need for consistency initially outweighs the need for performance -- the winter tests wo n't be about chasing set-up or refining the car ; the envelope of performance is likely to be so wide , and so relatively unknown , that the winter -- and to some extent the opening races -- will be about understanding the operational boundaries of the car as best we can . ''

Jenson Button , who will be partnered by Dane Kevin Magnussen this season , is looking forward to getting behind the wheel .

`` I 'm very keen to learn all about the new formula and our new car , and I want us to be in a position where we head to the opening flyaways feeling comfortable with our package , yet still ready to absorb and learn more as we go , '' Button said in a statement .

Testing for the new season , which starts in Melbourne on March 16 , begins at the end of January in Jerez , Spain .

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Legendary Italian F1 team reveal the look of their new car for the 2014 season

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F14 T name chosen by fans in a poll on Ferrari website

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McLaren F1 team unveiled the car they hope will improve their fortunes on Friday